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441 E 107th St 6 Unit Apartment Building $580,000 ($96,667/Unit) 10.04% Cap Rate Chicago, IL 60628
Investment Highlights
- One (1) 1Bd/1Ba Unit & Five (5) 2Bd/1Ba Units
- On-Site Parking Lot
- Spacious Units w/ Granite Countertops & New Cabinets
- Prime Roseland Location
Executive Summary
Kiser Group is pleased to exclusively present for purchase 441 W. 107th Street, a well-maintained six-unit multifamily building located in Chicago's Roseland neighborhood. This investment offers strong in-place cash flow with additional upside, making it an excellent opportunity for investors seeking both immediate income and future value creation.
The property consists of one (1) 1Bd/1Ba unit and five (5) 2Bd/1Ba units, offering a highly desirable unit mix for a broad tenant base. Each apartment features hardwood floors throughout, while tenants also enjoy the convenience of on-site parking and other amenities that enhance long-term tenant retention and occupancy.
The property delivers an attractive 10.04% capitalization rate and 17.42% cash-on-cash return in its current operation. Through continued rental growth and operational improvements, investors have the opportunity to achieve a 13.04% pro forma capitalization rate and an exceptional 29.41% pro forma cash-on-cash return, making 441 W. 107th Street a compelling value-add investment opportunity.
The property consists of one (1) 1Bd/1Ba unit and five (5) 2Bd/1Ba units, offering a highly desirable unit mix for a broad tenant base. Each apartment features hardwood floors throughout, while tenants also enjoy the convenience of on-site parking and other amenities that enhance long-term tenant retention and occupancy.
The property delivers an attractive 10.04% capitalization rate and 17.42% cash-on-cash return in its current operation. Through continued rental growth and operational improvements, investors have the opportunity to achieve a 13.04% pro forma capitalization rate and an exceptional 29.41% pro forma cash-on-cash return, making 441 W. 107th Street a compelling value-add investment opportunity.
Property Facts
| Price | $580,000 | Apartment Style | Low-Rise |
| Price Per Unit | $96,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 10.04% | Building Size | 3,958 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | ||
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District | ||
| Price | $580,000 |
| Price Per Unit | $96,667 |
| Sale Type | Investment |
| Cap Rate | 10.04% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,958 SF |
| No. Stories | 3 |
| Year Built | 1968 |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 800 |
| 2+1 | 5 | - | 900 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 25-15-401-003-0000 | Improvements Assessment | $10,013 |
| Land Assessment | $1,875 | Total Assessment | $11,888 |
Property Taxes
Parcel Number
25-15-401-003-0000
Land Assessment
$1,875
Improvements Assessment
$10,013
Total Assessment
$11,888
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